Core & Main, Inc. (NYSE:CNM) Receives $57.60 Consensus PT from Analysts

Shares of Core & Main, Inc. (NYSE:CNM - Get Free Report) have earned an average rating of "Moderate Buy" from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.60.

Several analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Core & Main from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Core & Main from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Loop Capital raised their price objective on shares of Core & Main from $52.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Truist Financial upped their target price on Core & Main from $38.00 to $56.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th.

Insider Transactions at Core & Main

In related news, General Counsel Mark G. Whittenburg sold 1,974 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $55.29, for a total transaction of $109,142.46. Following the completion of the sale, the general counsel now owns 7,667 shares of the company's stock, valued at $423,908.43. This represents a 20.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Bradford A. Cowles sold 50,000 shares of Core & Main stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $55.07, for a total transaction of $2,753,500.00. Following the completion of the transaction, the president now directly owns 18,423 shares in the company, valued at $1,014,554.61. This represents a 73.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 452,426 shares of company stock valued at $24,285,825. Company insiders own 3.49% of the company's stock.

Institutional Trading of Core & Main

A number of institutional investors have recently made changes to their positions in the business. Eagle Asset Management Inc. raised its stake in Core & Main by 2.6% in the third quarter. Eagle Asset Management Inc. now owns 1,720,496 shares of the company's stock valued at $74,979,000 after buying an additional 44,282 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Core & Main by 1,195,600.0% in the third quarter. Quest Partners LLC now owns 11,957 shares of the company's stock worth $531,000 after buying an additional 11,956 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Core & Main in the third quarter worth $774,000. South Street Advisors LLC lifted its stake in shares of Core & Main by 36.0% during the third quarter. South Street Advisors LLC now owns 234,144 shares of the company's stock worth $10,396,000 after buying an additional 61,962 shares during the period. Finally, Douglass Winthrop Advisors LLC grew its holdings in shares of Core & Main by 23.3% during the third quarter. Douglass Winthrop Advisors LLC now owns 70,272 shares of the company's stock valued at $3,120,000 after buying an additional 13,263 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company's stock.

Core & Main Price Performance

CNM traded up $0.18 during trading hours on Wednesday, hitting $54.22. The company's stock had a trading volume of 1,016,255 shares, compared to its average volume of 1,549,716. Core & Main has a 12 month low of $37.22 and a 12 month high of $62.15. The company has a current ratio of 2.14, a quick ratio of 1.28 and a debt-to-equity ratio of 1.36. The business's 50-day moving average price is $53.40 and its 200-day moving average price is $48.59. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.75 and a beta of 1.03.

Core & Main (NYSE:CNM - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Core & Main had a return on equity of 24.71% and a net margin of 5.71%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $0.65 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. Sell-side analysts expect that Core & Main will post 2.16 earnings per share for the current fiscal year.

Core & Main Company Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.